LIULIUMEI

Liuliumei opened lower and continued to slide in the morning session, falling from HK$150.0 to HK$142.5, a decline of 5.2%, significantly underperforming the broader market. The main drag was persistent weak sentiment after the stock's recent pullback from its 52-week high of HK$194.2, with today's losses extending a correction of over 26%. Despite strong fundamentals — H1 FY26 net profit rose 33.5% to RMB 140.87 million and revenue grew 10.6% to RMB 1.06 billion — the current price of HK$142.5 has fallen below both the 20-day MA (HK$159.3) and 60-day MA (HK$156.9), signaling technical weakness. However, the stock remains up 11.3% year-to-date and still trades 56.6% above its 52-week low of HK$91.0, with a PE of 44.9x and PB of 7.1x, offering some valuation support relative to earnings growth.

Liuliumei opened sharply lower, down 5.8% to HK$149 in the morning session, extending losses and breaching both the MA20 (159.36) and MA60 (157.13), now 23.3% below the 52-week high of HK$194.2. The sell-off followed the company's FY26 interim results released yesterday: revenue of RMB 1.06 billion (+10.6% YoY) and net profit of RMB 140.87 million (+33.5% YoY) were solid, but the stock had surged over 3x since its IPO earlier this year, leading to profit-taking after the news. The price hit a record high of HK$194.2 this Monday and has since experienced multiple 5%+ daily swings. Despite a 16.4% YTD gain, the current valuation of 46.9x PE and 7.5x PB leaves limited room for near-term upside, though the earnings beat underpins mid-term fundamentals.

Liuliumei staged a sharp intraday reversal, surging 7.7% to close at HK$154.9 after a morning low of HK$144.8, forming a bullish engulfing pattern that fully erased the prior session's loss. The day's 7.6% range saw afternoon session turnover of HK$15.4 million — 3.2 times the morning's HK$4.8 million — as the company called a board meeting to review interim results, drawing rotational buying into the fruit snack segment. However, the stock remained 2.8% below its 20-day moving average of HK$159.3, and a trailing PE of 60.6x underscores elevated valuation risk.

6658.HK opened sharply lower in the morning session and traded in a downward trajectory, falling 5.3% from the previous close of HK$155.3 to HK$147, hitting a new intraday low and nearing the 61.5% rebound point from its 52-week low of HK$91. The company recently announced a board meeting to review interim results, but the market had already priced in a strong rebound rally since its June listing, which saw the stock surge to a record high of HK$194.2 before retreating over 24%. With a current PE of 57.5x and PB of 11.9x, profit-taking pressure intensified amid valuation concerns, while thin half-day turnover of only HK$1.58 million and a turnover rate of 0.01% amplified the move. However, the stock still holds a YTD gain of 14.8% and remains 61.5% above its 52-week low, suggesting the long-term trend has not been undone.

Liuliumei opened 4.9% lower at HK$163.7 and weakened throughout the session, hitting an intraday low of HK$154.6 in the afternoon before closing 6.1% lower at HK$155.7 on volume of 38,400 shares and a turnover rate of just 0.05%. Reports of mixed earnings and executive shifts weighed on sentiment, while the scheduled board meeting to review interim results prompted preemptive profit-taking. The stock has fallen below both the 20-day (HK$158.65) and 60-day (HK$157.66) moving averages, and is now 20.85% off its 52-week high of HK$194.2, though it retains a year-to-date gain of 20.08%. However, elevated trailing P/E of 60.09x and P/B of 12.41x, coupled with missing fundamental data, leave the near-term outlook uncertain.